Outback Steakhouse

Outback Steakhouse is owned by Bloomin’ Brands. Much like other chain restaurants on this list, it also has been impacted by trends in millennial customers, including customers who buy high quality steaks to cook for themselves at home.

Bloomin’ Brands investors also cite how trying to keep so many restaurant brands operational has hurt its performance. The company also owns Fleming’s Prime Steakhouse & Wine Bar, Carrabba’s Italian Grill, and Bonefish Grill. Its newest initiatives, such as delivery, aim at improving its performance.